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WASHINGTON - WhiteHouse press secretary Sarah Sanders on Thursday told reporters she was unsure when Congress would fund new initiatives specific to addressing the opioid crisis. Sanders declined ...
WASHINGTON - WhiteHouse press secretary Sarah Sanders on Thursday told reporters she was unsure when Congress would fund new initiatives specific to addressing the opioid crisis. Sanders declined ...
Moments after Digital World Acquisition Corporation voted to merge with Trump Media, the parent company for Donald Trump's Truth Social platform, its stock took a quick drop — losing 12 percent of its value at one point.
According to a report from CNBC, stock for the company which will be listed as DJT starting next week, began the day at $44.20 before taking a quick nosedive to below $38, before a bounceback to 3.5 percent below opening.
The former president was expected to see a $3 billion windfall after the merger was completed but, by the time he is able to sell any portion of his stock, that dollar figure could change radically downward as other investors cash out.
ALSO READ: Here's why conservative elites are bailing on Trump now
As CNBC is reporting, "A total of 11% of the tradable shares of DWAC are being sold short, FactSet data shows."
"This means investors holding these positions are betting the price will fall before they have to buy the shares back and return them to the entities who loaned the shares to them," the report adds.
Criminal defense lawyer Robert DeNault had warned investors should expect to see drops now that the merger was approved.
"The [Special purpose acquisition companies] merger between Digital World and Trump Media/Truth Social is vastly overvalued and the stock price will plummet in short order," he wrote.
You can read more here.
Judge Aileen Cannon handed special counsel Jack Smith a victory in his federal classified documents case against former President Donald Trump, court records show.
Cannon Friday ruled that Smith can substitute summaries for some sensitive intelligence materials he'll need to share with Trump and his attorneys as the stalled Florida case slouches toward its yet-to-be-decided court date.
"Upon review of the Motion, relevant filings, arguments raised during hearings, and the full record," writes Cannon, "the Court GRANTS the Special Counsel’s Motion as to Categories 3 and 4 in their entirety, as well as most of the Category 2 requests as set forth in the Court’s Classified Order."
The information in question pertains to lists of potential witnesses — who Smith says have already begun receiving threats on social media — as well as national security documents the Justice Department did not want to hand over to Trump.
Cannon's concession to Smith's demand comes as she faces mounting criticism over a perceived bias toward the former president responsible for her appointment to Florida's Southern District court.
ALSO READ: Convicted January 6 felon wants to storm the Capitol again — as an elected congressman
The federal judge's decisions in the past have twice been slapped down by a conservative 11th Circuit appeals court panel. Cannon's recent decision to grant attorneys two weeks to craft Presidential Records Act jury instructions raised eyebrows among legal experts, who say she's looking for ways to delay.
“She is giving credence to arguments that are on their face absurd,” former federal Judge Nancy Gertner told the Washington Post Wednesday. "She is ignoring a raft of other motions, equally absurd, that are unreasonably delaying the case.”
Delay is the name of the game for Trump, who has pleaded not guilty to 37 counts that include willful retention of national defense information, conspiracy to obstruct justice and concealing a document in a federal investigation.
If Trump can manage both to push the court date to 2025 and win the upcoming presidential election, he would find himself ideally situated to kill the case completely.
That may be why news Smith's victory failed to appease Cannon's critics on social media Friday.
"She's a hack," Eric Edelstein wrote. Replied @dmeneilley, "That’s an insult to hacks."
Rep. Marjorie Taylor Greene (R-GA) created more internal drama for her fellow House Republicans on Friday when she filed a motion to vacate the chair of the speaker of the House of Representatives.
While speaking with reporters after filing the motion, Greene sent a pointed message to House Speaker Mike Johnson (R-LA) that his days leading the chamber were numbered.
Greene started by complaining that Johnson had broken his promises to bring back "regular order" to the House of Representatives, and she complained about him forcing members to vote on a massive omnibus spending package that Republicans in the past had scorned.
ALSO READ: Marjorie Taylor Greene to federal election regulators: get bent over ‘MTG’
She then emphasized that, while she respected Johnson personally, she believed that it was time for him to go — although she did acknowledge that there's no immediate timeframe for when the vote would take place.
"The clock has started," she said. "It's time for our conference to choose a new speaker."
Greene also dismissed the possibility that Johnson could save his job by relying on Democratic votes to prevent his ouster.
"I'm not worried about that at all," she said. "I don't think the American people want, Republican voters across the country, want to see a Republican speaker that's held in place by Democrats."
Greene's petition marks the second time in less than a year that a House Republican has moved to oust their own speaker after Rep. Matt Gaetz (R-FL) last year filed a motion to vacate that led to the downfall of former Rep. Kevin McCarthy (R-CA).
Greene has long threatened to oust Johnson should he agree to help send military aid to Ukraine as it tries to fight off an invasion from neighboring Russia.
Watch the video below or at this link.
'The clock has started': Marjorie Greene warns Speaker Johnson his days are numberedwww.youtube.com
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